How to Become a Mortgage Loan Officer:
The Definitive Guide

Are you interested in learning about how to become a mortgage officer? Known in the industry as a mortgage loan originator, or MLO, these professionals play a key part in the process of helping buyers find homes that are right for them — typically, they are the primary contact person when a borrower completes a mortgage transaction.

More specifically, they help buyers find home loans that are right for them — mortgages that fit their budget and will allow them to stay in the homes they purchase for the long term.

MLOs do all of the following...

  • Identify potential homebuyers through advertising, connections, seminars, and other means
  • Compile all the borrower information necessary for a loan application
  • Present borrowers with loan options that make sense for them
  • Coordinate with other mortgage professionals like underwriters and appraisers

Not only do MLOs support homebuyers, they serve a vital function in the real estate industry. With responsible MLOs, mortgage fraud and foreclosures drop significantly. Great MLOs are on the front lines in maintaining a stable home-buying market.

Many people find this to be an attractive career path. Mortgage loan officer is listed #14 in U.S. News & World Report's rankings for business jobs. The median salary for the position is $64,660 and it doesn't require any graduate-level education.